We crossed over the upper Bollinger band this morning. We crossed this before and were issued with a speeding ticket and then retraced back the lower Bollinger curve. We then got some good news and smashed through the upper Bollinger and have not received any information that could continue the trend and were also affected by Europe.
We then drifted back down to the lower Bollinger. If we dont receive something soon we may retrace back below 9c.
You can see from the money flow that 10M has been taken from our highs so if you know anybody with some small change laying around it will help.
Momemtum is positive still and is consistant with our fist leg up before our good news.
The SAR curve is screaming buy me. It looks amazing but we have had some false starts before. This formation with fantastic news will smash 13c.
The Bollinger band will also continue to give false buy and sell signals during times of consolidation but it is worth a punt more often than not because the price will remain in a trading range and will always provide a sell signal.
AVB Price at posting:
10.5¢ Sentiment: Hold Disclosure: Held
